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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Mar 25, 1935
Page
7
The weekly market roundup notes a 1 22 point gain driven by utilities and technical rallying amid inflation fears. It argues no fundamental change, predicts possible deflationary pressure from currency policy, and suggests government action to sustain credit and prices while defending the dollar.
In the Edwards plateau region Kerr County and western Bandera areas report active drilling. Eastland Oil Co No B-8 Lavessetian 189 reaches 4569 feet with oil shows. Berg feat H. 2 Hartwell's No. 1 in Section 195 lands shallow oil and cementing. total depth 2237 feet. Gar Flton ranch progress notes indicate 2000 feet drilled in Bandera vicinity.
The article traces the rise of the American radio industry from early valves and battery sets to 1934 output of about 4.16 million home sets and 600,000 automobile sets. It notes key milestones such as the shift to direct current, magnetic speakers, console sets, short wave adoption, and rising costs from about 33 dollars in 1933 to an estimated 40 dollars in 1934.
Livestock trade across San Antonio and St Louis shown with uneven prices and light demand. Cattle receipts 791 with 363 through bills, calves 461, hogs 8 per head, sheep 93. Prices ranged for grades, feeders weaker for light hogs, heavy weights selling slowly. buyers seeking better finish.
Grain prices eased in Chicago with wheat leading declines while corn held steady amid dust storm news from Kansas Oklahoma and Nebraska. Traders eyed talks between Britain and Germany and a debated work relief bill as U S politics influenced markets. Local prices in San Antonio showed varied bids for wheat and hay as markets opened in a cautious, weather-influenced mood.
Spectator reports weak trading in Wall Street after brokers vote 175,000 additional shares. Rumors push price near 50 a share as Sears Roebuck cuts dividends. earnings for 1994 cited at over 14 a share. Market uncertainty dominates as brokers face troubles and predictions of offerings surface.
Investigation into ure processes of AW and order in Artesian Gardens Somerset road community flags a Monday crackdown on speeders led by Criminal District Attorney John R. Shwok. Mayor Otto Heinsch criticizes action, alderman W. Ashley defends mayor, while officials plead traffic danger and enforcement. Artesian Gardens, newly incorporated, lies between Gomer Set Road and Jackson Boulevard with fines and court duties held by local officials.
In Austin on March 25 the Texas Senate reversed previous action on a pardoning plan. The proposal by Senator Tom Deberry would let the governor veto pardon board recommendations while still requiring two of three board members to approve clemency in writing. The chamber had earlier tabled a similar amendment by Senator Ben G Oneal by one vote. final action was set for tomorrow.
Five-year sentences were given to Dolores De laneo, 19, and Winona Burdette, 21, after they pleaded guilty before Federal Judge Helster Ritter. The pair were arrested in Miende City following a police trap set for Katpis and Campbell, in a dramatic Federal case against suspected desperadoes.
A time warning shouted by Park Keeper William Hobbs saved several picnicking children at San Pedro Park when a large tree branch broke and toppled toward them. The branch injured two people and disrupted their meal as they scrambled to safety.
Funds drive for Boy Scout asks local support as Mayor W M Suhofield raises a peace information. Campaign chairman Bry Bogut and Henry C Pfeiffer lead the efforts with RC Cheatham, Voor Hy ML Senwab and Eh bert McMiTaw assisting in the campaign.
The market summary shows the franc at 6.59 centas per franc and 18.16 francs per dollar, with changes noted from Saturday’s close. The pound trades around 4.27 percent, reflecting shifts in exchange values as of March 24.
March 23 New York reports a mild rally amid a broad sell off in railroad shares and miscellaneous metals. Trading concentrated in carriers and users such as Saary Fe Upton Pacific Baltimore OMe and Tenia Du Tont while American Telephony and Hore Atatr eluded gains. Copper and other metals fluctuated, with overall declines and limited net profit contrasts to 1929 figures.
In Austin on March 25 Senator T. J. Hashtoak of Galveston attacked a proposed amendment to classify property differently for tax purposes. He warned it would create an unfair, dual market for property taxation and risk harming taxpayers, noting a similar proposal was defeated last November. He described the measure as an administration ploy to build a political machine and shift the burden to special interests.
Austin March 23 The attorney general's department says a marble machine may be a gambling device depending on whether it relies on skill or chance. If operated to reward skill, no violation. if rewards based on chance with a prize, it violates statutes against gambling.
The National Stationers Association ninth district holds its annual convention at the Plaza Hotel in Los Angeles on Thursday and Friday. Charles Garvin of Washington DC, GM of the association, will discuss the stationery code. P T Beaton, the district’s governor, will preside along with masters of ceremonies. The Texas Travelers and Millers trade group will also meet jointly at the hotel.
Twenty four cadets from the Fifth battalion of the Junior Yanks of America returned Monday from a three day encampment at Guther lad Springs. The Sixth battalion will hold an award court on April 4 and confer plantations to several members.
Accessories for summer wear. a star shaped brim hat and matching purse with a padded top. The set, available as Pattern 938, includes detailed stitch directions and materials list. Send 10 cents for pattern from the San Antonio Light Needlecraft Department.
Market notes from San Antonio and New Valley report a carload Florida shipment catching fire, disrupting trading at the Growers Market. Florida items including beans, squash, peppers, and eggplant show varied prices with strawberries and other produce listed, while commission quotations list numerous per crate and per pound rates across fruit and vegetable lines.
Wall Street briefs list upcoming March meetings for Allied Chemical and Dye Cantra Tey Gag Duat corporation and Southern California ealson. Shipments of pneumatic containers rose to 3,682,615 units in January and 3,108,582 in December with 3,022,398 in January 1034. Rabhee Manufacturers Association reports month production at 4,626,473 units, up from 3,418 in December and 3,021,587 last year. Manufacturer stocks on January 7 stood at 30,406,867 units versus 30,454,08 the prior month and 30,424,689 last year. Cortnants ride at the week ending March 21 averaged 60.8 barrels daily, with prices linked to the American Iron & Steel Institute. carbon steel and related materials show rising trends, though no explicit explanations given.
Miss Goggan had her stolen ring returned after a 1931 robbery near Brooksfield when a woman wearing the ring was identified. Detective Eddie Amacker coordinated the return after the ring was found on the visitor's hand at the company office. The ring’s owner had previously learned a man in Houston had sold it to the thief.
New Orleans cotton futures opened with slight gains in quiet trade. Secretary Wallace signaled extended credit facilities for marketing the 2235 crop to farmers, aiming to stabilize market liquidity. May led at 10.90 cents, July near 10.40, December around 9. Geographically, London markets were quiet with little change, Anglo-American hours showing light activity.
The market started the week with a cheerier tone on continental policies but stayed restrained awaiting the Berlin talks outcomes. Prices were firm in some sections while turnover remained small, with traders watching the Berlin discussions for direction.
Edison High School track squad prepared to defend its Bexar county honors on Jefferson track with workouts scheduled for Monday afternoon. Jefferson may face Edison in several events, after Jefferson defeated Edison 54 to 6 last Friday.
Philadelphia March 25 Another prehistoric city, ante-dating Tepe Gawra in Mesopotamia, has been uncovered by a joint expedition from the University of Pennsylvania Museum and the American Schools of Oriental Research. The find, about 6000 years old, belongs to the painted pottery culture famed for geometric earthenware designs. Field director Charles Bache notes a small oven-like structure with bones inside, suggesting a dwelling meal was being prepared when a sudden enemy conquered the city. He also reports walls oriented to cardinal directions, implying a dated astronomical planning by the ancient architect.
Scrambled OCR notes show Sew York and Chicago poultry prices and market chatter. Entries cite live poultry steady, chickens, turkeys, ducks, geese with varying prices. eggs, butter, and provisions in New York and Chicago markets. March dates and freight notes.
Chicago reports show earnings and dividends for 1934 with substantial gains across manufacturing and automotive firms. Detroit disclosures reveal net earnings of 94.8 million dollars for the year, with passengers and ancillary lines indicating higher profits versus the prior year and par value dividends per share noted.
Dust and drought slow farm work as ground stays too dry for field tasks. Strong winds hindered planting and harvest, with corn stands described as good in some areas but largely damaged by weather conditions.
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